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    YIT   FI0009800643

YIT OYJ

(YIT)
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Delayed Quote. Delayed Nasdaq Helsinki - 07/30 11:29:59 am
5.11 EUR   -3.58%
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YIT Oyj : to build a school centre in Turenki, Janakkala

06/11/2021 | 02:10am EDT

YIT Turengin koulukeskus

The municipality of Janakkala has chosen YIT as its partner to build the new school and multipurpose centre in Turenki.

The first phase of the school and multipurpose centre is a three-storey building of approximately 8,400 square metres with facilities for grades 1-6 and preschool education. The multipurpose facilities will provide facilities for residents and associations for evening and weekend use and recreational activities. The value of the project to YIT is approximately EUR19 million. The project will be entered in the order book for the third quarter of the year.

Turenki's new school and multipurpose centre will be built on the sand field of the current primary school and it will be connected with a covered corridor to the existing library and sports facilities. School yards will be located between the new building and the artificial grass field.

Renewable energy sources will be utilised in the building, including geothermal heat and solar panels. The energy efficiency of the school and multipurpose centre will be class A.

Construction has already begun in June and school work at the new site will open in autumn 2023.

For further information, please contact:
Kari Löytynoja, Vice President, Building construction, Häme and South-East Finland, YIT Finland Ltd., tel. +358 (0)50 572 5209, kari.loytynoja@yit.fi
Tom Ekman, Executive Vice President, Business Premises, YIT Corporation, tel. +358 (0)40 771 2514, tom.ekman@yit.fi
Heidi Kauppinen, Communications Manager, YIT Corporation, tel. +358 (0)40 574 3170, heidi.kauppinen@yit.fi

YIT is the largest Finnish and a significant North European urban developer and construction company. Our goal is to create more sustainable, functional and attractive cities and living environments. We develop and build apartments, business premises and entire areas. We also specialise in demanding infrastructure construction. We own properties with our partners, which supports the implementation of our significant development projects. We also provide our customers with services that increase the value of properties. We employ approximately 7,400 professionals in ten countries: Finland, Russia, Sweden, Norway, Estonia, Latvia, Lithuania, Czech Republic, Slovakia and Poland. Our revenue in 2020 was approximately EUR 3.1 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy.

Disclaimer

YIT Oyj published this content on 11 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 June 2021 06:09:03 UTC.


© Publicnow 2021
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Sales 2021 2 752 M 3 267 M 3 267 M
Net income 2021 81,8 M 97,1 M 97,1 M
Net Debt 2021 416 M 493 M 493 M
P/E ratio 2021 13,5x
Yield 2021 3,72%
Capitalization 1 069 M 1 268 M 1 268 M
EV / Sales 2021 0,54x
EV / Sales 2022 0,52x
Nbr of Employees 7 400
Free-Float 62,0%
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Number of Analysts 5
Last Close Price 5,11 €
Average target price 5,70 €
Spread / Average Target 11,5%
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Markku Olavi Moilanen President & Chief Executive Officer
Ilkka Juhani Salonen Chief Financial Officer
Harri-Pekka Antero Kaukonen Chairman
Juhani Nummi Executive Vice President-Operations Development
Tiina Marjukka Tuomela Independent Director
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